Practice Brief • Audit & Assurance Services
Statutory Audit & CARO 2020 Reporting
Uncompromising audit quality, true and fair financial view, and comprehensive regulatory reporting.
Turnaround: 2 to 4 weeks depending on transaction volume
Practice Lead: CA. R.A. Dhoot & Audit Assurance Team
Practice Methodology & Regulatory Scope
As peer-reviewed Chartered Accountants, we conduct independent statutory audits that deliver confidence to boards, investors, lenders, and regulators. We blend rigorous substantive testing with modern data analytics to evaluate revenue recognition, asset impairment, inventory valuation, and going-concern viability.
Governing Statutory Acts & Guidelines
Section 139 to 148 of Companies Act 2013
CARO 2020 Clauses
Ind AS & Accounting Standards (AS) by ICAI
Tangible Client Deliverables
1
Independent Auditor's Report on Standalone & Consolidated Financial Statements2
CARO 2020 Report with detailed disclosures on inventory, loans, and title deeds3
Opinion on Internal Financial Controls over Financial Reporting (ICFR)4
Management Representation Letter & Letter to Audit Committee (ISA 260)5
Signing & filing of Form ADT-1 and Auditor verification for MCA AOC-4Measurable Enterprise Safeguards
Institutional credibility for banking credit lines and institutional investors
Early identification of financial discrepancies and internal control weaknesses
Zero compliance default risk with ROC, MCA, and Income Tax authorities
Statutory Practice FAQs
Q: Is statutory audit mandatory for all Private Limited Companies?
A: Yes, under Section 139 of the Companies Act 2013, every company registered in India must have its accounts audited by an independent Chartered Accountant annually, irrespective of turnover or profit/loss.
Partner Consultation
Engage Practice Partner
Schedule an in-person chambers discussion or encrypted virtual conference with our senior practice leader.
Designated Partner Lead:
CA. R.A. Dhoot & Audit Assurance Team
ICAI Fellow Chartered Accountant
Strict client confidentiality maintained under ICAI Code of Ethics.